TRUMP team wallet moved $52.66M in tokens to exchanges, triggering investor sell-off fears.
Wallet now holds nearly zero TRUMP, suggesting full asset unloading amid ongoing market scrutiny.
Political pressure grows as senators call for probe into TRUMP token events involving top holders.
A wallet linked to the TRUMP token development team has transferred approximately $52.66 million worth of TRUMP tokens to centralized exchanges. The movement has raised fresh concerns about a potential sell-off among investors. The on-chain data, analyzed through Solana explorer tools, shows multiple transactions involving 3.5 million tokens being deposited across trading platforms.
Major Transfer Raises Market Concern
On-chain evidence from Solscan confirms that the wallet in question belongs to the TRUMP team and has been active in recent days. This same wallet address, identified as ‘CDW1AUngA1WorM4xZaSqv8vCbhJd68BSHgV69uxqpCfc,’ has completed similar high-volume transfers in the past. However, the latest transfer’s size and timing have intensified market scrutiny.
The wallet deposited the 3.5 million tokens in several swift transactions earlier today. Each transfer took place within minutes, mirroring previous coordinated movements. Solana explorer data now indicates that the wallet holds a negligible TRUMP balance and just 1.68 SOL, or approximately $289. This depletion suggests a full-scale unloading of assets following the transfers.
This recent activity comes just one week after the same wallet reportedly offloaded $20 million in TRUMP tokens to exchanges. These back-to-back moves have strengthened fears that the team could be initiating a structured release or liquidation phase.
Analysts Monitor Token Flow for Further Activity
Crypto analysts are now closely watching the TRUMP token’s flow and pricing trends in the wake of the substantial deposit. The token is currently trading at $14.34. Forecasts estimate that the price may briefly climb to $15.40 within the next 24 hours.
Despite the potential for a price uptick, traders remain cautious. The rapid sequence of large transfers indicates that the token could face volatility. The market has responded with heightened speculation, as many now expect further action from the wallet.
Given the project’s political branding and the high-profile nature of its backers, any movement from team-affiliated wallets tends to provoke significant market responses. Investors are increasingly treating these events as indicators of broader strategy shifts.
Political Scrutiny Adds Pressure
In addition to market concerns, the TRUMP token is facing political attention. Democratic senators recently called for an investigation into a planned dinner between former President Trump and top token holders.
This added pressure from lawmakers comes amid growing regulatory discussions around politically affiliated crypto assets. While the project continues to draw attention, recent token transfers have added a layer of uncertainty that market participants are now factoring into their trading behavior.
The combination of market movements and political developments could shape the TRUMP token’s path in the near term, as the crypto community watches closely for the next step from the team.
